You Should Have At Least the Bare Minimum Insurance Up to Date

Not everyone can afford the high end insurance coverage. This is true especially if you’re young and you've only just begun to work, or if you are presently juggling enough financial responsibilities as it is. You should have the bare minimum insurance coverage for at least your car, health, home or renters.

Car insurance – Almost all states require car insurance by law. You’ll need some sort of combination of minimal liability coverage for physical damage and bodily injury in case you cause any accidents.

Health insurance – With the passing of the Affordable Care Act, you’ll be required to purchase health insurance unless you want to pay a penalty. The most affordable plans tend to be “catastrophic” plans, which have cheaper premiums in exchange for higher deductibles.

Home insurance – You’ll want to have enough insurance to cover a rebuild if anything happens, not to mention some kind of liability coverage in case anyone is injured on your property.

Renters insurance – If you rent a home, then don’t mistakenly think that you don’t need insurance. While the landlord most likely has some sort of building insurance, it won’t cover the loss of your possessions. Renters insurance is quite affordable and will cover the damage or loss of your possessions, as well as provide liability insurance in case anyone is injured in your home.

Be sure to maintain at least these forms of insurance. For more information about insurance coverage, be sure to contact us at CCW Insurance today.